An overview of the Indian Economy

Macro Aggregates, Industries and Trade

Ayush Patel

2023-08-25

Hello

I am Ayush.

I am a researcher working at the intersection of data, law, development and economics.

I teach Data Science using R at Gokhale Institute of Politics and Economics.

I am a RStudio (Posit) certified tidyverse Instructor.

I am a Researcher at Oxford Poverty and Human development Initiative (OPHI), at the University of Oxford.

Reach me

ayush.ap58@gmail.com

ayush.patel@gipe.ac.in

Topics and Flow

  • Macro Aggregates of Indian Economy
  • Industries in India and other sectors
  • Trade

Macro Aggregates of the Indian Economy

India in numbers - some basic facts

  • India is home to more than 1.4 billion people1.
  • India is among the top 5 largest economies (3.38 trillion USD) in the world.2
  • With USD 2,380 GNI per capita (same PPP for USD8210) India falls under the Lower-Middle Income classification of the World Bank.3
  • OPHI reports an MPI of 0.069 for India with 16.39% Headcount of multidimensionally poor and 41.98% Intensity of poverty.4

A broader comparison with its neighbours and peers is need to better situate the Indian Economy on a global stage.

A comparison around the block

India shares boundaries with Afghanistan, Bangladesh, Bhutan, China, Myanmar, Nepal, Pakistan, and Sri Lanka. Between these sub-continental neighbours there are old economic and cultural ties.

Additionally, Sri Lanka, Pakistan, Nepal, Bangladesh and India are also classified as lower-middle income countries by the World Bank

We explore and compare core macro indicators of these countries.

GDP and GNI per capita - The Neighbours

Export & Imports - The Neighbours

Closer look at the Indian Industries

What sector produces most Value?

Components of the GDP